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View Diary: Federal Government Sues Bank of America for $1 Billion Plus for Civil Mortgage Fraud (6 comments)

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  •  I know many folks here (12+ / 0-)

    think the DOJ gave the banksters a pass on the financial collapse.  Two things to keep in mind:

    1.  Lots of the shite they pulled was legal thanks to Congress and I hate to say, Clinton for abetting the repeal of the Glass-Steagall Act; and

    2.  It takes a fucking long time to build a case of this magnitude -- and the DOJ didn't need a screw up.  Fraud is one of those thingies which has a longer statute of limitations, can allow for treble damages and attorneys' fees.  You want to make sure you get your ducks lined up correctly.

    " My faith in the Constitution is whole; it is complete; it is total." Barbara Jordan, 1974

    by gchaucer2 on Wed Oct 24, 2012 at 02:27:06 PM PDT

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